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rosijanka [135]
3 years ago
14

Consider the impact of the following two events in the television market.First, people are using more tablets and fewer televisi

on sets. Second, new production techniques decrease the production cost of television sets. What is the effect of these events on the equilibrium price and quantity of television sets? ​ Equilibrium Price Equilibrium Quantity
A. Decrease Increase
B.​ Decrease Decrease or increase
C.​ Decrease or increase Decrease
D. Increase Decrease or increase
Business
1 answer:
babunello [35]3 years ago
7 0

Answer:

The correct answer is option B.

Explanation:

As people are using more tablets and fewer television sets, the demand for television sets will decline. This will cause the demand curve to shift to the left. As a result, the price level will decline.  

Now, with new production technique the cost of production declines. As a result, there will be an increase in the supply as the firm will be able to produce more at the same cost. This will cause the supply curve to shift to the right. This rightward shift in the supply curve may lead to an increase or decrease in the quantity of output. It depends on the extent of change in supply.

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Twenty years ago, a family purchased a vacant lot for $26,500. they made no improvements during the time they owned the property
KonstantinChe [14]
To find the gross profit margin found by:
(revenue - cost of goods sold)/revenue

Revenue = $62,275
Cost of goods sold (purchase price) = $26,500

= (62,275 - 26,500)/62,275
= 35,775/62,275
= 0.57 x 100
Percentage of gross profit = 57%
3 0
3 years ago
Read 2 more answers
Acme Manufacturing Company prepared a fixed budget based on the expected sales of 160,000 units. That fixed budget included vari
Ksju [112]

If Acme Manufacturing Company uses flexible budgeting and actually sells 200,000 units during the period, these amounts will be included in its flexible budget performance report:

Variable costs = $1,000,000

Fixed costs = $240,000

<h3>What is a flexible budget?</h3>

A flexible budget adjusts the budget according to the activity or volume levels of the company.

For instance, if the total variable costs is $800,000 with expected sales of 160,000 but the actual sales equal 200,000, the flexible budget will be adjusted to $1,000,000 ($800,000/160,000 x 200,000).

<h3>Data and Calculations:</h3>

Expected sales = 160,000 units

Fixed Budget Figures:

Total variable costs = $800,000

Total fixed costs = $240,000

Flexible Budget Figures:

Total variable costs = $1,000,000 ($800,000/160,000 x 200,000)

Total fixed costs = $240,000

Thus, the flexible budget will still maintain the total fixed costs since they do not vary according to the volume level, within the relevant range.

Learn more about flexible budgets at brainly.com/question/14015382

#SPJ1

3 0
1 year ago
During December, Krause Chemical Company had the following selected data concerning the manufacture of Xyzine, an industrial cle
Paul [167]

Answer:

d.92 units.

Explanation:

Completed untis +

complete portion of ending WIP less

complete portion of beginning WIP

Completed and trasnferred 100

ending work in process_ 10 units x 40% = 4 units

beginning inventory 20 units x 60% complete (12) units

Equivalent Units for conversion 92

3 0
3 years ago
How to do this question plz answer me​
Vadim26 [7]

Answer: See explanation

Explanation:

Business activities simply refers to the activities that are done in order to provide goods and services for the consumers and also generate profit.

1. The purpose of business activity is:.

To provide goods.

2. An entrepreneur might find setting up a business rewarding as he or she is in control and that may give the person a level of satisfaction. Also, the entrepreneur makes profit which is rewarding as well.

3. Building a good brand image gives credibility to the company and also brings about customer loyalty. Customers want to be associated with good brands. This can also help drive sales and revenue.

4 0
3 years ago
A customer calls his agent on Friday after the markets have closed and tells him to sell his position in XYZ stock when the mark
satela [25.4K]

Answer:

Explanation:

Under the Uniform Securities Act, the agent should not take custody of the securities but should have the customer send the securities directly to the brokerage firm by registered mail or delivery service. The agent should never take custody of physical security assets since many unfortunate events can occur which may result in the loss of those assets. Therefore sending it by registered mail would be the safest and fastest option will still maintaining the responsibility of those assets to the owner.

8 0
3 years ago
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